March 17 Bitcoin Midday Public Strategy



After the morning rally, multiple bearish candles formed consecutively, with price breaking below short-term moving averages, forming a bearish engulfing pattern at higher levels, with obvious weakening of bullish momentum.

From a technical perspective, the 5-day MA has turned downward, with price trading below the 5-day MA, indicating a weakening short-term trend; the 10-day MA remains upward, with the medium-term trend still intact.

Operation Suggestions: Set up short positions near 74800-75000 on rallies, targeting 74000-73500

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